LONDON, April 11 The investment arm of UK trade
body the Association of British Insurers (ABI) and the
Investment Management Association (IMA) are to merge to more
effectively lobby on issues affecting asset managers.
The new group would have a stronger shared voice when
dealing with a range of issues, said Daniel Godfrey, chief
executive at the IMA.
"Conventional engagement by individual investors, or the
existing mechanism for collective engagement have not been able
to have the desired impact. And that's particularly where there
are very big companies with a very diversified shareholder
base," he said.
The new body would be able to create a "broader church" and
be able to offer better and deeper assistance to asset managers,
(Reporting by Simon Jessop; Editing by Steve Slater)